Police in India have arrested a woman who stole 64 bitcoins, valued at around $480,000 at the time of the theft, from her former workplace.

newspaper reported “Times of India” On Friday, the 26-year-old woman, Ayoshi Jain, worked at Bitcipher Labs in Bengal and stole Bitcoin earlier this year.

The woman was arrested after Ashish Singhal, co-founder of Bitcipher Labs, noticed irregularities and filed a complaint with the police, which led to Jain’s arrest.

According to the report, Ashish Singhal stated:

“Vimal Sagar Tiwari, Govind Kumar Soni and I hold a cold wallet (in the form of a hardware wallet) on behalf of BitCipher Labs.

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And the private keys were just between the three of us.

He added:

We recently found that 63.5 bitcoins (Rs 36,662,259) were stolen and transferred through exchangeLab between January 11 and March 11.

It is unclear what work BitCipher Labs is doing.

Police detained the woman last Wednesday and recovered all the stolen money.

According to the report of the police investigation officer, which came as follows:

We seized a laptop containing the transaction history, showing how Ayoshi used the passphrase and stole money in installments between January to March.

You confessed to the crime, Thursday afternoon we got the full amount back.

Another report from The New Indian Express indicates that Ayoshi stole bitcoins to start her own cryptocurrency exchange and that she transferred the bitcoins to Monero and later transferred them to her Binance account.

The police were quoted as saying, “Ayoshi” in the report:

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I volunteered to transfer the stolen bitcoin to its original owners, and it was done.

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